The HS Code 29339955 refers to aromatic or modified aromatic analgesics and certain like affecting chemicals, specifically those made up of heterocyclic compounds with nitrogen hetero-atom(s) only. This code is used to classify and regulate the import and export of these products.
These analgesics and chemicals are commonly used in the pharmaceutical industry for their pain-relieving properties. They may be found in various forms such as tablets, capsules, or liquid solutions. Some examples of these compounds include acetaminophen, ibuprofen, and aspirin.
When importing or exporting products with the HS Code 29339955, it is important to understand the relevant regulations and duty rates. The bound or most-favored-nation (MFN) duty rate for this code is 6.5%. This means that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners.
The quantity unit for products classified under HS Code 29339955 is kilograms (KG). This unit of measurement is used to determine the weight of the imported or exported goods.
There are also special tariff preference programs that offer duty-free treatment for products under this HS Code. Countries such as Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, Mexico (under NAFTA), Oman, Peru, Singapore, and several others have special rate agreements in place.
For example, certain countries are excluded from GSP (Generalized System of Preferences) eligibility for this HTS (Harmonized Tariff Schedule) subheading, which means they do not receive duty-free treatment. However, countries like Australia, Bahrain, Canada (under NAFTA), Chile, Israel, Jordan, and others have special rate agreements that provide them with duty-free treatment.
When it comes to importing into the United States, the states of Delaware and Puerto Rico are noted as the primary destinations for goods classified under HS Code 29339955. These states have a demand for these analgesics and chemicals.
On the other hand, the state of Missouri is mentioned as an exporting state. This means that Missouri produces or manufactures products falling under this HS Code and exports them to other countries.
the HS Code 29339955 is used to classify and regulate the import and export of aromatic or modified aromatic analgesics and certain like affecting chemicals. These products are made up of heterocyclic compounds with nitrogen hetero-atom(s) only. It is important for importers, exporters, and traders to understand the relevant regulations, duty rates, and special tariff preference programs associated with this code.